Even if there is a low introductory rate on a new card, the canceling
of several credit card accounts on top of opening a new one, can instantly damage a consumer's credit score.
To reiterate,
maintaining several credit card accounts, keeping your revolving balances at a reasonable level and paying all your bills on time is the best way to earn strong insurance and credit scores.
Secondly, opening up
several credit card accounts, especially in a short span of time, will have a negative impact on your credit score.